Newspring

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2006

Legal Domicile

Principal Officer

Robert Sabom

Phone

2819140133

Tax Period

2024-01-01 to 2024-12-31

Newspring, founded in 2006, is a small nonprofit that reported $346K in total revenue in fiscal year 2024. Expenses of $512K exceeded revenue, resulting in a 48% operating deficit.

Mission

NewSpring delivers visual arts and mentoring programs that inspire students and their families to achieve a better life by empowering historically underserved individuals for success in the 21st century economy.

Program Service Accomplishments

Program 1

Expenses: $207,346

Visual Arts Program accomplishments: 1. Delivered the visual arts program in the main studio at the Womens Home and various satellite locations at SBISD schools and community centers serving 1150...

Visual Arts Program accomplishments: 1. Delivered the visual arts program in the main studio at the Womens Home and various satellite locations at SBISD schools and community centers serving 1150 students. 2. Provided scholarships and encouragement to 5 college students for the 2023-2024 academic year and Fall 2024-2025 academic year 3. In 2024, NewSpring had more than 39 high school students participate in the art auction event. NewSpring hosted the annual auction in partnership within the Spring Street art studios. Student artwork was displayed at the event, with an on-line auction platform that opened the bid process to both event attendees and individuals who were unable to attend the event. The auction event helps students recognize the value of their talents and experience the marketplace at work. The grants figure shown in Part III, Section 4.A includes an allocation of proceeds from the student artwork.

Program 2

Expenses: $12,322

The Flight 25 program supported students in the SBISD Northbrook High School community through monthly class time with speakers on different careers and personal stories of succeeding with limited...

The Flight 25 program supported students in the SBISD Northbrook High School community through monthly class time with speakers on different careers and personal stories of succeeding with limited resources. Students participated in two Saturday sessions including an exploration trip to the University of Houston and speakers addressing parent support, perseverance and participation throughout high school.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $344,576

Program Service Revenue $0

Investment Income $1,801

Other Revenue $0

TOTAL REVENUE $346,377

Expense Breakdown

Grants Paid $34,007

Salaries & Benefits $294,936

Fundraising Expenses $60,222

Program Expenses $219,668

Other Expenses $183,542

TOTAL EXPENSES $512,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$346,377	$360,297	0.0%
Expenses	$512,485	$541,997	-0.1%
Net Income	$-166,108	$-181,700	-0.1%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$47,800

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sheri Suarez Foreman	Executive Dir.	25.00	Officer	$47,800	$0	$47,800
Terry Sabom	Secretary	10.00	Officer Director	$0	$0	$0
Henri Tallichet	Treasurer	15.00	Officer Director	$0	$0	$0
Trey Storer	Director	10.00	Director	$0	$0	$0
Madonna Barfoot	Director	10.00	Director	$0	$0	$0
Kathleen Bowen	Director	10.00	Director	$0	$0	$0
Deborah Grabein	Director	10.00	Director	$0	$0	$0
Walter Mata	Director	10.00	Director	$0	$0	$0
Patricia Garcia	Treasurer	10.00	Officer Director	$0	$0	$0
Nelson Ocampo	Director	10.00	Director	$0	$0	$0
Patricia Cabrera	Director	10.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$346,377	$512,485	No data	$-166,108
2023	$360,297	$541,997	$338,803	$-181,700
2022	$428,143	$453,431	$520,860	$-25,288
2021	$491,657	$379,495	$542,635	$112,162
2020	$450,573	$389,325	$467,420	$61,248
2018	$524,143	$522,702	$428,464	$1,441